How to prepare for when money dies.
If dollar-dumping turns from a trickle into a flood, look out.
If dollar-dumping turns from a trickle into a flood, look out.
The demand we are now placing on our planets resources appears to have begun to outpace the rate at which they can be supplied.
Today the Association for Mineral Exploration BC (AME BC) applauded the release of Canada Starts Here: The BC Jobs Plan.
A Norwegian mining company aiming to develop one of the world's largest nickel mines is taking extra measures to convince local populations the mine "is not what people perceive it to be," says a report in mb.com.ph.
Gold failed to capitalize on the stock market rout and December futures tumbled 4% or $74/oz to $1,734/oz by early Thursday afternoon as the Fed warned of "significant downside risks" and pessimistic economic data from China further damaged sentiment. Silver was hardest hit and platinum and palladium prices came under pressure as well. December silver slid -9.8% or almost $4 to $36.50 an ounce while October platinum lost -4.9% or $87 and palladium for December delivery traded down -8.1% to $655. One trader summed up the day this way: “The textbook ideas, the things we follow, the things we believe to be so are being shot to pieces for the moment and it’s very difficult to trade other than for a long-term view.”
The mine closure conference is underway in one of those tourist towns in the Rockies of Alberta. I am not there; somehow the event snuck up on me and I just could not bring myself to go to another conference where I would snooze unceasingly through dull talks in hushed and dark rooms.
BBC's Gavin Hewitt takes the pulse of the populace in Greece and sees political roadblocks to further tightening by the Greek government.
A new Fraser Institute study shows when adjusted for population, Calgary in Alberta is by far the Canadian leader in the concentration of corporate headquarters, with 6.0 corporate head offices per 100,000 people in 2010, double that of Toronto. This concentration in the country's oil heartland is important because of the spin-off effects associated with corporate headquarters. Support professionals such as lawyers, consultants, and accountants tend to establish themselves near these headquarters and create a larger professional community, a greater concentration of knowledge, and easier access to high quality services for other companies nearby.
News that the Mongolian government is rethinking a 2009 deal that gave Ivanhoe Mines and Rio Tinto a 66% stake in the massive Oyu Tolgoi gold and copper project has sent the shares of Ivanhoe down more than 9.5% in Toronto on Wednesday afternoon, while Rio's ADRs gave up over 6% in New York trade. The bad news appears to have led to a bust-up between the two companies, with Ivanhoe founder and CEO Robert Friedland saying on Wednesday Rio's senior management has been making "unauthorized and incomplete" statements about Oyu Tolgoi and that he will take the matter up with the world's number three miner. Ivanhoe is closely tied to Mongolia where it also controls SouthGobi, a producing coal mine. SouthGobi plummeted 10% on Wednesday.
While there is much discussion in the gold industry currently as to whether gold stocks are undervalued in relation to the seemingly unstoppable run on the gold price, one company that appears to be bucking the trend is Newmont Mining (TSX:NMC).